All news: page 18

Baku. Kazakh specialists will participate in drilling as well as provide technical support during the operation of the jackup floating drilling rig transferred in trust to the Azerbaijani side, KazMunayGas told Trend.
On February 16, President of State Oil Company of Azerbaijan (SOCAR) ...

Russia's gas company Gazprom plans to produce 495. 1 billion cubic meters of gas in 2019, board member Oleg Aksyutin said on Thursday at the Day of Company's Investor in Singapore.
"In accordance with the plan for 2019, production volumes are set at 495. 1 billion cubic meters ...

Singapore. Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U. S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC.
International Brent crude futures were at $66. 15 per barrel at ...

Ashgabat. The Turkmen delegation held the talks with the management of Samsung and LG companies in Seoul regarding their participation in investment projects of the Turkmen oil and gas complex, Trend reports referring to Turkmenistan’s Altyn Asyr TV channel on Feb. 26.
The Turkmen ...

Aden. Saudi Arabia is working on a technology to produce oil with emissions close to zero, while its current CO2 output from crude production is already among the lowest, Saudi Aramco CEO Amin Nasser said.
"Technology has already helped Saudi Aramco to produce oil and gas with one of ...

Baku. Russia is considering the option of using the Trans Adriatic Gas Pipeline (TAP), the final leg of the Southern Gas Corridor (SGC) for pumping Russian gas in addition to other sources, Anatoly Yanovsky, Deputy Energy Minister of Russia, said in an exclusive interview with Trend. ...

Singapore. Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U. S. President Donald Trump.
U. S. West Texas Intermediate (WTI) crude oil futures were at $56. 02 per ...

Moscow. Russian Energy Minister Alexander Novak has credited last year’s deal on oil output cuts with helping set a fair price.
"The market today looks relatively calm and stable, marked by decreasing volatility and more or less acceptable prices for both exporters and importers. ...

Baku. Italy’s Snam company, which is one of the shareholders of the Trans Adriatic Pipeline (TAP), has facilitated the first car supply with renewable gas with zero carbon dioxide emissions in Italy, Trend reports with reference to the company’s message.
The first supply of ...

Dubai. Abu Dhabi’s Mubadala Petroleum said on Tuesday it has signed the production sharing contract together with its partner PTTEP Energy Development Co for an offshore block containing the Erawan producing gas field in Thailand.
The current block G1/61 concession will expire in April ...

Rio de Janeiro. In its efforts to slash its climate-changing emissions nearly to zero by 2050, Rio de Janeiro has chosen a perhaps unlikely place to start: its trash bins.
At a huge waste treatment plant outside of the famed beach city, methane gas released by buried municipal garbage is ...

Moscow. Alexander Medvedev has been relieved of his post as Deputy Chairman of the Management Committee. He is going to focus on the International Business Congress and FC Zenit.
Valery Golubev has been relieved of his post as Deputy Chairman of the Management Committee. Alexey Miller, ...

Singapore. Oil prices slipped on Tuesday, extending losses of more than 3 percent during the previous session, after U. S. President Donald Trump called on OPEC to ease its efforts to boost the market.
International Brent futures were at $64. 66 a barrel at 0346 GMT, down 10 cents, or 0. ...

Minsk. The Belarusian Energy Ministry expects that the document to specify the natural gas price for 2020 and consequent years will be signed by 1 July, BELTA learned from Belarusian Energy Minister Viktor Karankevich before a session of the ministry's board on 22 February.
The official ...

New York. The world’s largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a "shortage" of the low-quality heavy crudes refiners rely on.
"From here there’s probably the potential to be ...

Moscow. A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to Serbia.
As part of the visit, a meeting between Alexey Miller and Aleksandar Vucic, President of the Republic of Serbia, took place in Belgrade.
The ...

Moscow. European trends in natural gas demand will require development of new import routes. This is reported by Trend with reference to the Italian company Snam.
In the coming years there will be a significant increase in demand in the global gas market, driven by the Americas and by ...

Sydney. Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth.
International Brent crude oil futures were at $67. 26 a barrel at 0005 GMT, up 14 cents, or 0. 2 percent, from their last close. ...